Rok posts record profits from social housing

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The Independent Online

The Government's demands for more social housing helped drive record profits at Rok Property Solutions over the first six months of the year.

The Government's demands for more social housing helped drive record profits at Rok Property Solutions over the first six months of the year.

The company, which develops, builds and maintains property, said turnover had increased 24 per cent in the six months to the end of June. Pre-tax profits rose 26 per cent to £4.3m, and Garvis Snook, the chief executive, said it had a forward order book worth about £300m.

Its property development business saw operating profits rise 33 per cent to £2.8m but sales in its repairs and maintenance divisiongrew only 12 per cent, making profits of £800,000.

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